Jefferies Gives a Buy Rating to Procter & Gamble

By Ryan Adsit

Jefferies analyst Kevin Grundy reiterated a Buy rating on Procter & Gamble (NYSE: PG) today and set a price target of $103. The company’s shares closed yesterday at $90.39.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.3% and a 74.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Estee Lauder Companies, and Edgewell Personal Care.

Procter & Gamble has an analyst consensus of Hold, with a price target consensus of $91.

Based on Procter & Gamble’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $16.86 billion and quarterly net profit of $2.54 billion. In comparison, last year the company earned revenue of $15.76 billion and had a net profit of $2.33 billion.

Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is negative on the stock. Last month, Jon Moeller, the CFO of PG sold 3,411 shares for a total of $311,095.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.